1. Purpose. To announce a final rule promulgated by the Office of Management and Budget on government policy streamlining, including guidance on nonprocurement debarment and suspension, and cost principles guidance for educational institutions, State, Local, and Indian Tribal governments, and nonprofit organizations.

4. Substance. In May 2004, the Office of Management and Budget established Title 2 Code of Federal Regulations (CFR), to contain Federal policy on grants and agreements and Federal agencies regulatory implementation of OMB guidance. The Federal Register attachment
to this Information Alert transmits OMB guidance in four areas: